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Markets Core interest rate markets yesterday tried to further build on a tentative pause/bottoming out process that started on Monday. With 100 bps Fed cuts discounted for this year and another 125 bps of reduction priced in for next year, markets for now apparently feel themselves as trading in line even with the new Fed […]

The post For Yields and Dollar Some Further Consolidation on the Cards appeared first on Action Forex.

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17/07/2024

EUR/CHF Technical: Euro Underperformance Over Swiss Franc May Have Resumed

The recent 4-week rally of EUR/CHF from 19 June has started to show signs of exhaustion. The ongoing weakness of the France CAC 40 has triggered a negative feedback loop towards EUR/CHF. Watch the 0.9780 key short-term resistance on the EUR/CHF. The EUR/CHF cross pair has managed to recover its initial losses inflicted from 10 […]
30/08/2024

USD/JPY Retains Support: Can It Stage a Recovery?

Key Highlights USD/JPY found support near 143.50 and corrected some losses. It cleared a key bearish trend line with resistance at 144.85 on the 4-hour chart. EUR/USD started a downside correction below the 1.1150 level. Gold remained stable near $2,500 and might aim for more upsides. USD/JPY Technical Analysis The US Dollar remained well-bid near […]
07/08/2024

NZ Dollar Surges on Strong Employment Data

The New Zealand dollar has soared today. In the European session, NZD/USD is trading at 0.6018, up an impressive 1.1% at the time of writing. New Zealand job growth surprises on the upside New Zealand’s labour market has been cooling off due to elevated interest rates and the markets were braced for a soft jobs […]